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Zhongman Petroleum And Natural Gas Group (SHSE:603619) Interest Expense : ¥-152 Mil (TTM As of Mar. 2024)


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What is Zhongman Petroleum And Natural Gas Group Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Zhongman Petroleum And Natural Gas Group's interest expense for the three months ended in Mar. 2024 was ¥ -41 Mil. Its interest expense for the trailing twelve months (TTM) ended in Mar. 2024 was ¥-152 Mil.

Interest Coverage is a ratio that determines how easily a company can pay interest expenses on outstanding debt. It is calculated by dividing a company's Operating Income(EBIT) by its Interest Expense. Zhongman Petroleum And Natural Gas Group's Operating Income for the three months ended in Mar. 2024 was ¥ 269 Mil. Zhongman Petroleum And Natural Gas Group's Interest Expense for the three months ended in Mar. 2024 was ¥ -41 Mil. Zhongman Petroleum And Natural Gas Group's Interest Coverage for the quarter that ended in Mar. 2024 was 6.55. The higher the ratio, the stronger the company's financial strength is. Note: If both Interest Expense and Interest Income are empty, while Net Interest Income is negative, then use Net Interest Income as Interest Expense.

Zhongman Petroleum And Natural Gas Group Interest Expense Historical Data

The historical data trend for Zhongman Petroleum And Natural Gas Group's Interest Expense can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

* Premium members only.

Zhongman Petroleum And Natural Gas Group Interest Expense Chart

Zhongman Petroleum And Natural Gas Group Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Interest Expense
Get a 7-Day Free Trial Premium Member Only Premium Member Only -68.82 -74.79 -93.88 -92.91 -149.09

Zhongman Petroleum And Natural Gas Group Quarterly Data
Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24
Interest Expense Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only -38.62 -29.38 -35.13 -45.96 -41.17

Zhongman Petroleum And Natural Gas Group Interest Expense Calculation

Interest Expense is the amount reported by a company or individual as an expense for borrowed money.

Interest Expense for the trailing twelve months (TTM) ended in Mar. 2024 adds up the quarterly data reported by the company within the most recent 12 months, which was ¥-152 Mil.

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

Zhongman Petroleum And Natural Gas Group  (SHSE:603619) Interest Expense Explanation

Interest Coverage is a ratio that determines how easily a company can pay interest expenses on outstanding debt. It is calculated by dividing a company's Operating Income (EBIT) by its Interest Expense. The higher, the better.

Note: If both Interest Expense and Interest Income are empty, while Net Interest Income is negative, then use Net Interest Income as Interest Expense.

Zhongman Petroleum And Natural Gas Group's Interest Expense for the three months ended in Mar. 2024 was ¥-41 Mil. Its Operating Income for the three months ended in Mar. 2024 was ¥269 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Mar. 2024 was ¥1,471 Mil.

Zhongman Petroleum And Natural Gas Group's Interest Coverage for the quarter that ended in Mar. 2024 is calculated as

Interest Coverage=-1* Operating Income (Q: Mar. 2024 )/Interest Expense (Q: Mar. 2024 )
=-1*269.487/-41.171
=6.55

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

The higher the ratio, the stronger the company's financial strength is.

Zhongman Petroleum And Natural Gas Group (SHSE:603619) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Zhongman Petroleum And Natural Gas Group Corp Ltd (SHSE:603619) » Definitions » Interest Expense
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Traded in Other Exchanges
N/A
Address
No. 3998 Jiangshan Road, Pudong New Area, Shanghai, CHN
Website
http://www.zpec.com
Zhongman Petroleum And Natural Gas Group Corp Ltd is a drilling engineering contractor and manufacturer of petroleum drilling equipment. It is also engaged in oil and gas exploration, geological engineering, installation of CNG/LNG Vehicle Fueling Stations and international trade.
Executives
Li Pei Lian Director
Zhu Yong Zhen Supervisors

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